Donald H. Wilson's last banking job involved hunting for capital. Now, he is set to become the chairman of another bank that was able to find outside investors.

Community Financial Shares (CFIS) in Glen Ellyn, Ill., said on Tuesday that it had reached agreements with 63 investors led by New York private-equity firm Clinton Group to secure a $24 million investment. The $334 million-asset company will also extend a rights offering to existing shareholders that could bring in another $3 million.

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